Wall Street opens higher after Citi rescue

New York: US stocks rose on Monday after the US government agreed to inject $20 billion of new capital into Citigroup, heading off a bank collapse that could have crippled the world's financial system.

The Dow Jones industrial average rose 142.89 points, or 1.78 per cent, to 8,189.31.

The Standard & Poor's 500 Index gained 17.27 points, or 2.16 per cent, to 817.30.

The Nasdaq Composite Index was up 28.33 points, or 2.05 per cent, at 1,412.68.